Published: Fri, August 17, 2018
Business | By Tara Barton

Trump Directs SEC to Study Six-Month Reporting for Public Companies

Trump Directs SEC to Study Six-Month Reporting for Public Companies

The president on Friday said he has asked federal regulators to study whether public companies should be required to report results half as often as they now do - every six months instead of every three months, or once a quarter.

Writing on Twitter, Trump said that he had discussions with business leaders and that one leader had asked him to move toward a system of reporting every six months.

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Switching to a six-monthly reporting system would "allow greater flexibility and save money", Mr Trump said.

The idea came from an unnamed "top business leader", Mr. Trump wrote, although the idea has been bandied around for decades. "I have asked the SEC to study!" Putting together quarterly reports is also a huge cost for public companies, requiring resources to be directed at reporting rather than producing goods and services for the market.

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